Homework Answers
Statement of cash flows for the year ended December 31, 2018:
| Description | Amount | Amount |
| Operating activities: | ||
| Net income | $90000 | |
| Adjustments to reconcile net income to net cash from operating activities | ($16000) | |
| Cash flows from operating activities | $74000 | |
| Investing activities: | ||
| Equipment purchase | ($52000) | |
| Cash flows from investing activities | ($52000) | |
| Financing activities: | ||
| Dividends paid | ($35000) | |
| Cash flows from financing activities | ($35000) | |
| Net decrease in cash | ($13000) | |
| Beginning cash balance | $14000 | |
| Ending cash balance | $1000 |
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